You Searched For "nickel short squeeze" and got 20 results
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2 mins read
Hedge fund Elliott Management sues the London Metal Exchange for $456 million over nickel trading fiasco
The commodities trading hub suspended nickel trading in March after prices briefly topped $100,000 …
George Glover
2 mins read
Nickel plunges 5% and London Metal Exchange halts trading once again as chaos continues
The fall in nickel suggests a dramatic short squeeze is easing but the trading suspension is an emb…
Harry Robertson
2 mins read
UK regulators will review the LME's messy halt to nickel trading, after it triggered outrage by canceling $3.9 billion in trades
The Financial Conduct Authority and the Bank of England will review the London Metal Exchange's dec…
Hamza Fareed Malik
2 mins read
The global hub for metal markets has halted nickel trading until March 11 after prices topped $100,000 per ton
The exchange was forced to suspend trading after nickel doubled to above $100,000 in the "mother of…
Shalini Nagarajan
2 mins read
JPMorgan is the largest counterparty of the nickel 'big short' and is leading talks to contain the damage to the market: reports
About one-third of Xiang Guangda's total short position of more than 150,000 tons of nickel is hel…
Hamza Fareed Malik
2 mins read
The London Metal Exchange will resume nickel trading with price caps Wednesday, after an epic short squeeze drove prices to $100,000
The LME decision comes after Tsingshan reached a 'standstill' deal with its creditors over the bill…
Hamza Fareed Malik
1 min read
The Chinese tycoon that lost billions betting against nickel reportedly wants to keep shorting the commodity
If Guangda keeps his short bet, it could lead to continued high volatility in the commodity, which …
Matthew Fox
3 mins read
Nickel prices skyrocket 110% to top $100,000 a ton, prompting a trading halt after Russian sanctions trigger a big short squeeze
Record price gains in nickel, used in stainless steel and EV batteries, are forcing short-sellers t…
Shalini Nagarajan
1 min read
A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal soaring, new report says
Tsingshan Holding Group has assured creditor banks in China that its financial standing is sound, T…
Carla Mozée
2 mins read
Investors just lost in court over last year's $12 billion nickel-trading fiasco sparked by Russia's invasion of Ukraine
A court ruled that the London Metal Exchange was within its rights to cancel trades during 2022's t…
Phil Rosen
1 min read
Elon Musk is sounding the inflation alarm as Tesla raises prices amid a squeeze in nickel and other key materials
Elon Musk took to Twitter to sound off on inflation, and said Tesla and SpaceX are both feeling the…
Phil Rosen
2 mins read
Invesco is launching an ETF tied to metals used in electric vehicles as prices for key materials soars
Invesco says its latest ETF will provide exposure to key EV metals, including aluminum, cobalt, cop…
Carla Mozée
2 mins read
The London Metal Exchange is weighing a ban on Russian metals, and is in talks with governments about it
A ban on Russian metals could have a big impact on metals like copper, nickel, and aluminum as Russ…
Hamza Fareed Malik
1 min read
Nickel price volatility resumes as the metal plummets 15% on the London Metal Exchange to hit limit down
On Thursday and Friday, the London Metal Exchange set 8% and 12% trading ranges, respectively, and …
Phil Rosen
2 mins read
'Big Short' investor Michael Burry returns to Twitter with a nod to the 1970s, as the world battles with inflation and an energy crunch
Burry took to Twitter after months in a likely reference to the 1970s, a period dubbed as a time of…
Shalini Nagarajan
1 min read
US stocks rise as key Fed policy meeting kicks off and oil slips on new lockdowns in China
The two-day meeting of the Federal Open Market Committee begins today, with investors eyeing the fi…
Phil Rosen
6 mins read
From the college kid who made millions on a meme stock to Kim Kardashian's crypto misadventures, here are 7 of the craziest stories from markets in 2022
This year was a doozy for markets. From Razzlekhan to Kim Kardashian's run-in with the SEC, here ar…
Jennifer Sor
1 min read
EV metal suppliers jump as Biden is expected to invoke the Defense Production Act to ramp up US production
Shares of key metal producers like Lithium Americas, Piedmont Lithium, MP Materials, Standard Lithi…
Phil Rosen
1 min read
Rivian falls 9% after 'Twilight Zone' quarter reveals massive supply chain disruptions and reduced 2022 production guidance
"One more major PR blunder or meaningful delivery push out for Rivian reservation customers could e…
Matthew Fox
3 mins read
How Amazon’s flawed job posting process caused it to overhire
In today's edition: Google's Bard is finally available for non-employees, how to make $10,000 per m…